Egypt Bourse gains $1,5bn as Emaar Misr starts trading
The market capitalisation has recorded 496,131 billion pounds during the closing session of Sunday.
Shares in Emaar Misr , the Egyptian arm of UAE real estate developer Emaar Properties, climbed 3.94 Egyptian pounds (US$0.51) on its market debut at early trade. The developer set the initial public offering (IPO) price at 3.80 Egyptian pounds, with its second tranche oversubscribed by about 36 times.